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    OFF-MARKET
    Specialty properties

    23610 John R Rd, Hazel Park, MI 48030-1411

    3,408 SF 0.21 ac lot Built 1946
    Entity Owned 7-yr Hold Absentee Owner Free & Clear
    Property ID
    US43-1588771
    Property summary
    AI-generated overview

    This exceptional 2,400 square foot commercial property, located at 23610 John R Rd in Hazel Park, Michigan, 48030, presents a unique opportunity for a variety of businesses. Previously operating as a cannabis lounge, the space boasts a versatile layout suitable for retail, restaurant, or special purpose uses. The property features a single tenancy, making it ideal for a business seeking a dedicated space. Key features include a 4,000 square foot enclosed rear patio, a front patio, and overhead garage doors, providing ample outdoor space. The interior is equipped with a sound system, televisions, and security cameras with badge door access. Furniture is available for lease or purchase. A designated DOAS room allows for smoking. The property is situated in the Hazel Park Social District, offering excellent visibility and foot traffic. This turnkey operation is ready for immediate occupancy and presents a rare opportunity in the thriving Ferndale/Royal Oak submarket cluster. The property's adaptable design and existing infrastructure make it an attractive option for a wide range of businesses seeking a high-impact location. Don't miss this chance to secure a prime commercial space in a vibrant and growing area.

    Property profile
    Verified
    Property type Specialty properties
    Use group PROFESSIONAL CLUBS/ASSOCIATIONS
    Year built 1946
    Total area 3,408 SF
    Lot 0.21 ac (9,148 SF)
    Zoning code BI
    APN 28-25-25-306-001
    UPID US43-1588771
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • JS Grading General Contractor Construction Company
    • Hot Box Social Hotel & Motel Resort
    • The Comedy Bar Nightclub Theater & Performing Art Venue
    • Area Exteriors Building Supply General Contractor
    Value estimations
    Realmo proprietary · 4 methods
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    by Request
    CAP Approach CAP
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    Comparable Approach Comparable
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    Blend (final) Blend
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    Owner & transaction history
    23610 John R LLC · 7 yrs held
    23610 John R LLC
    since 2019
    4 recorded transactions
    2019
    $30,000
    2010
    2008
    1969
    Zoning & alternative use
    BI · Hazel Park, MI
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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